The Relative Strength (RS) Rating for Louisiana-Pacific (LPX) entered a new percentile Wednesday, with an increase from 67 to 81.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs.
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While now is not an ideal time to buy shares, see if the stock goes on to establish and enter a buy zone in heavy volume.
The company posted negative growth for both the top and bottom lines last quarter.
Louisiana-Pacific holds the No. 3 rank among its peers in the Building-Wood Products industry group. UFP Industries (UFPI) and Louisiana-Pacific (LPX) are also among the group’s highest-rated stocks.
